Featured

KCAP Financial, an investment company, said late Tuesday that it priced an offering of $50 million aggregate principal amount of 6.125% notes due 2022. The underwriters have been granted a 30-day option to purchase up to $7.5 million additional principal amount of notes to cover over-allotments. The company intends to use the ...

Market News

Britain’s antitrust regulator said on Tuesday it won’t refer the merger between oil services companies Wood Group (WG.L) and rival Amec Foster Wheeler (AMFW.L) to a deeper, second-phase investigation after they offered to sell a range of Amec Foster Wheeler businesses. The Competition and Markets Authority (CMA) raised competition concerns regarding the ...

WellCare Health Plans, a managed care company, reported Friday Q2 adjusted earnings of $2.52 per share, up from $2.23 per share in the prior year period and higher than the $2.24 per share Street estimate. Total revenues were $4.31 billion, up from $3.59 billion reported for the same period last year and ...

SunPower said premarket Tuesday it obtained a contract from OGE Energy (OGE) to build a 10-megawatt solar photovoltaic power plant in Covington, Oklahoma. Construction on the plant is anticipated to commence next month. SunPower will design and build a SunPower Oasis Power Plant system at the Covington site. The Oasis system is ...